The CTA’s average daily operating expenses are about $4.3 million, so the line of credit would only fund operations for about 10 days. Under Illinois law, the CTA can’t borrow more than $40 million in so-called “working cash notes.”
Who in their right mind will use public transit for at least a year when a vaccine is available? It’s time for CTA and Metra to cut cut cut layoff layoff layoff downsize downsize downsize, I shoud say “rightsize” to the reality. I’m glad I don’t work downtown and would be forced to get on public transit.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Who in their right mind will use public transit for at least a year when a vaccine is available? It’s time for CTA and Metra to cut cut cut layoff layoff layoff downsize downsize downsize, I shoud say “rightsize” to the reality. I’m glad I don’t work downtown and would be forced to get on public transit.